What change will we see to property taxation?

[fungus pudding]

These 300 are people who bought and sold multiply properties in a year with an intention to profit.

As with shares, there is a pseudo captial gains when you intent to resell at profit. These people were clearly evading tax and can be distinguished from the M&D residential property investors who buy and hold long term.

It's not a pseudo vcapital gains tax. It simply forms part or all of their income and therefore attracts income tax. That seems to me the only problem - that it is not effectively enforced by IRD. They have all the power in the world to track and tax traders acting for gain by reselling, but they haven't bothered chasing it up since the 70s - they used to be right on the ball.